Tyson Foods Restructures Tyson Leadership Team
Last Tuesday Tyson Foods Inc. announced the restructuring of the Tyson leadership team under Tom Hayes, who took over as CEO on December 31. Departures of several current executives will take place over a period of several months to allow for a smooth transition.
According to Hayes, the changes will bring the management structure more in line with the company’s strategy and better facilitate its efficiency and growth.
“Bob Williams, senior vice president and managing director of Simmons First Investment Group in Little Rock, said the reorganization of Tyson’s leadership team doesn’t come as a surprise. He said the company has been steadily transitioning from a commodity-based business model to one that relies more on value-added products — such as the brands it acquired along with The Hillshire Brands Co. in 2014.”